The Left is Giddy Over New Marxist Book

Sometimes you just wish liberals would be honest with their beliefs.
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There’s a new book that the left has embraced. It’s by a French Marxist economist named Thomas Piketty. Now, you may have heard this discussed. I first heard of this a few days ago. It’s one of the reasons I’ve been chomping at the bit to get back here and discuss this. The reason it’s being embraced is not just that it’s Marxism and socialism and communism. It’s embraced because it happens to coincide with Obama’s big push here on income inequality. I’m told he pronounces the name Piketty. Piketty, Piketty, I couldn’t care less. He’s a wuss. Okay, Thomas Piketty. Fine, okay, that’s how he pronounces his name. We’ll give him that.

Obama is embracing this, and the left is embracing it because of Obama’s push on income inequality, as though there’s some moral sin in income inequality. There’s some moral sin in capitalism, and therefore there is a moral sin in the United States of America. The United States of America is a moral sin. It’s flawed deeply and morally because of the concentration of wealth in the top 1%. They are hoarding it. They are taking it from everybody. They are stealing it. They’re not sharing it, not redistributing it, giving it away. They’re not paying people enough and so forth.

To the extent that there is any concentration of wealth taking place in this country, let me tell you where it’s happening. Government. The richest counties in this country used to be in Florida, in California. They are now the suburbs of Washington, DC. Wealth is being concentrated in the hands of people who are in or associated with government. They are the 1%. This is conveniently ignored by people who thrill with delight at Piketty’s book.

I want to start with several analysis pieces here before I share with you my own thoughts. I want to start with a piece here by David Harsanyi, and my bad, I neglected when I printed this to make a note — he’s a scholar, a think tank contributor, blogger somewhere, and I just neglected to print, make a note of where. Here’s how he begins his analysis.

“As I write this, Thomas Piketty’s book ‘Capital in the Twenty-First Century’ is #1 on Amazon. It’s been deemed an ‘important book’ by a bunch of smart people. Why not? It validates many of the preconceived notions progressives have about capitalism: Inequality is growing. Mobility is shrinking. Meritocracy is dead. We all live in a sprawling zero-sum fallacy. And so on.

“The book, as you probably know, has also sparked nonstop conversation in political and media circles. Though it’s best to let economists debunk Piketty’s methodology and data, it is worth pointing out that liberal pundits and writers have not only enthusiastically and unconditionally embraced a book on economics, or even a run-of-the-mill leftist polemic, but a hard-left manifesto.”



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